SME Finance Forum member, Mastercard collaborated with cloud solution provider Zoho, to provide ‘SME in a Box.’ The solution provides easier payments, manage GST compliance and back-office operations. According to the article, the new solution will allow 73 million SMEs in the country to receive or make payments through all digital forms including: Bharat QR, Mastercard business credit and debit cards while staying GST compliant using Zoho’s ERP software.

The offer is available to Mastercard business, debit and credit card users. 

Rajeev Kumar, Senior Vice-President, Market Development, South Asia, Mastercard said, “This partnership is yet another way for Mastercard to empower Indian SMEs with the best-in-class technological solutions. Mastercard is confident that it will enhance digital payment acceptance in the country and contribute to the Government’s mission of 30 billion transactions in FY 2019.”